For income year of 2007, the local government unit of Libon eclipsed the always front runner first class Albay town of Daraga which slid one notch lower. Libon earned over P113M against Daraga’s P109.8M. Polangui followed in far third with P84M. Coming close was Bacacay with P83.6M annual income.
The environmentally challenged islands and controversial mining town of Rapu-rapu was 12th among the 15 LGUs. (Will the municipality get the most out of its wealth being dug from its bowels? Or, its residents bear the ill-effects of the mining operations in the long run? But haven’t we seen already the previous fish kills and more about the sea waters of the islands before? Only time will tell what more is in store for Rapu-rapu.)
We continue here the presentation of Bicol LGU annual earnings and expenditures.
In terms of internal revenue allotment, Guinobatan received the most and topped the list with P69.1M. Jovellar town received the least with P21.28M.
|LGU||Rank||Annual Income||Rank||IRA Share||Rank||% of Dependence|
Percentage-wise on dependence of Albay LGUs on IRA share, Malilipot topped with 94.97% of their annual income coming from the national government. Jovellar, Pio Duran, Oas and Manito also rely over and beyond 90% for their LGU budgetary allocations.
At 50.8% of its budget coming from the national government, the LGU of Tiwi emerged the least dependent among the 15 municipalities.
Let’s check below how the 15 Albay LGUs spent people’s money on public welfare, basic services, general public services, education, culture & sports, manpower development, health, nutrition & population control, social security/social services & welfare and economic services below:
|LGU||General Public Services||Education, Culture & Sports/ Manpower Development||Health, Nutrition & Population Control||Social Security /Social Services & Welfare||Economic Services|
Budgetary Deficit or Excess
Pio Duran LGU showed others how to be prudent at spending tax money and yet save more in the coffers at the end of the year. Some P54.4M remained on the vault and topped others with the most in excess money. Guinobatan also did well for the 2007 fiscal year in terms of savings.
Four municipal LGUs poorly fared in fiscal management led byMalilipot with a deficit of P64M. Daraga, Tiwi and Camalig also went red on their balance sheet.
|Municipality||Rank||Excess (deficit) of Income over Expenditures|
Latest posts by Bicol Street Journalist (see all)
- Camalig town in Bicol wants to build an international convention center - December 14, 2018
- Albay’s white elephant Pantao- a regional port to nowhere? - December 13, 2018
- Naga airport in Pili soon ready for night landings, take-offs - November 14, 2018